Markets Increasingly Expect a Bank of Canada Rate Hike This Month – Canadian Mortgage Trends

“Based on rhetoric from the Bank of Canada in December, it was clear that labour market dynamics and outperforming economic data had created heightened concerns at the Bank that the output gap was closing more rapidly than expected,” J.P.

Despite heightened concerns over the current Omicron variant outbreak, economic data from as recently as December shows the economy continues to outperform.

…Read the full story